Interesting! I like this proposal and think this would help JUP holders.
That having said, JUP is fairly liquid with hundreds of Millions of USD in 24h trading volume. I believe a broad growth-focussed Jupuary could attract a lot of (social) media attention, further driving buy-side demand and liquidity for JUP.
ASR provides amazing incentives already and has been funded with an additional 215,461,850 JUP.
Considering that there is currently 443,979,469 JUP Staked, the additional 215M ASR rewards is an allocation of 215,461,850 / 443,979,469 = 0.485 JUP per 1 JUP staked.
That’s an Additional Active Staking Reward of:
- 0.485 JUP per 1 JUP staked
- 4.85 JUP per 10 JUP staked
- 48.5 JUP per 100 JUP staked
- 485 JUP per 1,000 JUP staked
- 4,850 JUP per 10,000 JUP staked
- 48,500 JUP per 100,000 JUP staked
- 485,000 JUP per 1,000,000 JUP staked
I’m not a supporter of the first point to an extreme, as it’s important that JUP is properly distributed fairly among all Jupiter users and stakeholders.
That having said, I do support a proper airdrop allocation for JUP stakers.
In my proposal the allocation to JUP stakers is 70 Million JUP. For every JUP staker there would be a 15,9% bonus (0.159 JUP per 1 JUP staked).
That’s an additional DAO allocation for JUP Stakers of:
- 0.159 JUP per 1 JUP staked
- 1.59 JUP per 10 JUP staked
- 15.9 JUP per 100 JUP staked
- 159 JUP per 1,000 JUP staked
- 1,590 JUP per 10,000 JUP staked
- 15,900 JUP per 100,000 JUP staked
- 159,000 JUP per 1,000,000 JUP staked
This would reward for example the top JUP staker of 12,098,978 JUP with an astonishing 1,923,737 JUP airdrop worth over $2 Million USD.
My proposal below contains further details of the Jupuary distribution proposal.